JBG SMITH Properties (NYSE:JBGS) Stock Rating Upgraded by Wall Street Zen

JBG SMITH Properties (NYSE:JBGS) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

Several other research firms have also issued reports on JBGS. Evercore decreased their target price on JBG SMITH Properties from $19.00 to $18.00 and set an “underperform” rating for the company in a research report on Friday, November 14th. Weiss Ratings reiterated a “sell (d)” rating on shares of JBG SMITH Properties in a research report on Thursday, January 22nd. Two analysts have rated the stock with a Sell rating, Based on data from MarketBeat, JBG SMITH Properties has a consensus rating of “Sell” and a consensus price target of $18.50.

JBG SMITH Properties Stock Down 2.2%

NYSE:JBGS opened at $14.82 on Friday. The company has a quick ratio of 3.63, a current ratio of 3.63 and a debt-to-equity ratio of 2.16. JBG SMITH Properties has a 12-month low of $13.28 and a 12-month high of $24.30. The stock’s fifty day simple moving average is $16.44 and its 200-day simple moving average is $18.79. The firm has a market capitalization of $873.64 million, a P/E ratio of -7.02 and a beta of 1.15.

JBG SMITH Properties (NYSE:JBGS) last released its quarterly earnings data on Tuesday, February 17th. The company reported ($0.78) EPS for the quarter, missing analysts’ consensus estimates of ($0.47) by ($0.31). JBG SMITH Properties had a negative net margin of 27.89% and a negative return on equity of 10.61%. The company had revenue of $127.56 million during the quarter, compared to the consensus estimate of $122.44 million.

Institutional Investors Weigh In On JBG SMITH Properties

Several large investors have recently modified their holdings of the business. CWM LLC raised its position in shares of JBG SMITH Properties by 65.1% during the third quarter. CWM LLC now owns 1,294 shares of the company’s stock worth $29,000 after purchasing an additional 510 shares during the period. Smartleaf Asset Management LLC lifted its holdings in shares of JBG SMITH Properties by 78.4% during the 3rd quarter. Smartleaf Asset Management LLC now owns 1,479 shares of the company’s stock valued at $32,000 after purchasing an additional 650 shares in the last quarter. Caitong International Asset Management Co. Ltd grew its position in shares of JBG SMITH Properties by 151.8% in the 3rd quarter. Caitong International Asset Management Co. Ltd now owns 1,637 shares of the company’s stock valued at $36,000 after purchasing an additional 987 shares during the period. Los Angeles Capital Management LLC bought a new stake in JBG SMITH Properties during the 4th quarter worth approximately $39,000. Finally, EverSource Wealth Advisors LLC increased its stake in JBG SMITH Properties by 113.6% during the 2nd quarter. EverSource Wealth Advisors LLC now owns 3,273 shares of the company’s stock worth $57,000 after purchasing an additional 1,741 shares in the last quarter. 98.46% of the stock is currently owned by institutional investors.

JBG SMITH Properties Company Profile

JBG SMITH Properties is a publicly traded real estate investment trust specializing in the acquisition, development and management of mixed-use properties in the Washington, DC metropolitan area. The company’s portfolio encompasses office, residential, retail, hotel and entertainment assets, with a strategic focus on high-growth urban and transit-oriented neighborhoods in the District of Columbia, Northern Virginia and suburban Maryland.

The company actively develops large-scale, mixed-use communities designed to integrate living, working and leisure spaces.